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Elgi Equipments Limited

ELGIEQUIP.BO Technical Analysis Summary (BSE)

Analyze ELGIEQUIP.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ELGIEQUIP.BO●BSE
IndustrialsIndustrial - Machinery
₹578.95
₹7.00(1.19%)
Indian Market opens in 13h 13m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ELGIEQUIP.BO Technical Analysis Summary (BSE)

Elgi Equipments Limited (BSE: ELGIEQUIP.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 45.97)
Trend Strength:Moderate (ADX: 20.19)
Volatility:Medium (ATR: 18.25)
Support/Resistance:$562.74 – $611.29 (Bollinger Bands)

Technical conditions suggest Elgi Equipments Limited on the BSE is awaiting a decisive move. This mix signals that Elgi Equipments Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 45.97

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 40.19

Neutral
Mid-range signal with no clear trend.

Williams %R: -70.82

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -2.47

Bearish
Selling pressure outweighs buying.

Takeaway:Elgi Equipments Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -1.84

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 20.19

Moderate
Moderate trend, direction gaining strength.

ATR (14): 18.25

Rising
Rising volatility, market activity increasing.

CCI (14): -55.56

Bearish
Bearish, momentum remains under pressure.

Takeaway:Elgi Equipments Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$611.29
Middle Band (SMA 20)
$587.02
Lower Band
$562.74
Current Position
Within Bands

Takeaway:Elgi Equipments Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$623.11
Middle Line (EMA 20)
$586.60
Lower Channel
$550.09
Squeeze Status
Squeeze On

Takeaway:Elgi Equipments Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-597.88K
Money Flow Index6.23Bullish, oversold conditions signal rebound potential.
Relative Vigor Index45.95Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:ELGIEQUIP.BO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Elgi Equipments Limited (BSE: ELGIEQUIP.BO), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Elgi Equipments Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(BSE: ELGIEQUIP.BO) Technical Analysis FAQ